RELX PLC to List 6M New Shares for Employee Option Schemes

TL;DR

**RELX is issuing 6 million new shares for employee stock options, causing minor dilution.**

AI Summary

RELX PLC, a global information and analytics company, filed a 6-K on February 6, 2024, announcing an application to list 6,000,000 new ordinary shares on the London Stock Exchange. These shares, valued at 14 51/116 pence each, will be used for various employee share option schemes, including 300,000 for the 2013 SAYE Share Option Scheme and 5,200,000 for the 2013 Executive Share Option Scheme. This matters to investors because while it indicates employee retention and incentive programs, it also means a slight dilution of existing shares, potentially impacting earnings per share.

Why It Matters

This filing signals that RELX PLC is issuing new shares to fulfill employee stock options, which can be a positive for employee motivation but will slightly dilute the ownership stake of current shareholders.

Risk Assessment

Risk Level: low — The issuance of 6 million shares for employee schemes is a routine corporate action and represents a small percentage of the company's overall market capitalization, posing minimal risk.

Analyst Insight

A smart investor would note this routine share issuance for employee incentives, understanding it's a common practice that slightly dilutes existing shares but also supports employee retention. No immediate action is typically required unless the scale of dilution becomes significant over time.

Key Numbers

• 6,000,000 — ordinary shares (number of new shares RELX PLC applied to list)
• 14 51/116 p — par value per share (nominal value of each ordinary share)
• 300,000 — shares (allocated to the RELX Group plc 2013 SAYE Share Option Scheme)
• 5,200,000 — shares (allocated to the RELX Group plc Executive Share Option Scheme 2013)

Key Players & Entities

• RELX PLC (company) — the registrant filing the 6-K
• A. Westley (person) — Deputy Secretary who signed the 6-K
• Financial Conduct Authority (FCA) (company) — regulatory body to which RELX PLC applied for listing
• London Stock Exchange (LSE) (company) — exchange where RELX PLC applied for admission to trading
• RELX Group plc 2013 SAYE Share Option Scheme (company) — employee share option scheme
• RELX Group plc Executive Share Option Scheme 2013 (company) — employee share option scheme

Forward-Looking Statements

• RELX PLC will continue to use share-based compensation as a key component of its employee incentive programs. (RELX PLC) — high confidence, target: 2025-02-06
• The additional listing will be successfully admitted to trading on the London Stock Exchange and the FCA's Official List. (London Stock Exchange) — high confidence, target: 2024-03-06

FAQ

Filing Documents

• tmb-20240206x6k.htm (6-K) — 18KB
• tmb-20240206xex99d1.htm (EX-99.1) — 5KB
• 0000929869-24-000007.txt ( ) — 24KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. RELX PLC Date: 02/06/2024 By: /s/ A. Westley Name: A. Westley Title: Deputy Secretary

View Full Filing

View this 6-K filing on SEC EDGAR